Securities appellate tribunal (SAT) has granted interim relief to Man Industries (India) Ltd, staying the two-year market access ban imposed by Securities and Exchange Board of India (SEBI), pending final adjudication of the company’s appeal. The tribunal, in its order dated 10 October 2025, admitted the appeal filed by Man Industries and its promoters against SEBI’s 29 September 2025 order, which had barred the company and three of its senior officials from accessing the securities markets for two years. The regulator had also imposed a penalty of Rs25 lakh each on the company, chairman Ramesh Mansukhani, managing director (MD) Nikhil Mansukhani, and former chief finance officer (CFO) Ashok Gupta, following findings of multiple financial irregularities and violations of disclosure n

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